Nifty Realty index zooms 97% in 2017; set to post biggest rally in 10-years

Total 12 stocks include Kolte-Patil Developers, Sobha, DLF, Dilip Buildcon, Sunteck Realty, Indiabulls, Puravankara, Godrej Properties and Brigade Enterprises have rallied up to 370% so far in 2017.

The Nifty Realty and the S&P BSE Realty indices have gained more than 90% thus far in the calendar year 2017 (CY17), and is set to post their sharpest rally in the past one decade, on the back of
 an improvement in affordability, and multiple developments on the policy initiatives front.

Putting behind demonetisation announced by the government in November 2016, the Nifty Realty index and the S&P BSE Realty zoomed 97% and 94%, respectively, so far in CY17. Both these indices hit their multi-year highs, and are set to record their biggest yearly gain since inspection.

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